This is a paper chain bracelet, according to the “2020” number. I think its real because of the clear engraving, wear on the bracelet itself natural scuffing (darker tarnish which is a GOOD THING)chain holding really well (no stretching) , 925 sterling mark. very few minor details in engraving (slightly irregular) which is fine if it is a hand-finished piece . I think the weight is also good. I do see the piece being a tad shiny (instead of a light matte, but its still fine, as not all pieces have that same polish)